Attractive 8-unit Hollywood apartment asset currently operating at a 6.0% cap rate with a clear, low-execution path to a 7.0% pro forma cap through operational improvements. Ideally located just north of Melrose Avenue in a high-demand, walkable rental pocket near major employment centers, transit, hospitals, and significant ongoing development. Multiple tenants pay separate parking fees that are not subject to rent control and are currently below market, offering immediate NOI upside. Former RTI ADU plans (expired but easily re-approved), and a large basement create additional potential for future rental or storage income (buyer to verify). Excellent curb appeal, well-maintained common areas, and scalable operational profile. A rare opportunity to acquire a small-scale Hollywood asset with real cash flow today and multiple built-in value-add levers.
Additional Features
- Wall Furnace
- Two
- Parking spaces: 0.00
- Listing Status: Active
- Listing Agent: Armin Soleimani
(lic# 01846872)
of Beverly Hills/Greater LA
- Listing Office: Global Platinum Properties, Inc.
(lic# 02062910)
- CO-Listing Agent: Julio Ruiz
(lic# 01911261)
of Beverly Hills/Greater LA
- CO-Listing Office: Global Platinum Properties, Inc.
(lic# 02062910)
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Based on information from CRISNet MLS as of 4th August 2026 at 1:37am. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
